Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $22.55M Refinance Loan In Chicago
FINANCED
$22,545,000
Illinois
See Similar DealsMultiFamily
Financed
FINANCED
Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $22.55M Refinance Loan In Chicago
MultiFamily
Financed
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located in Chicago, comprising 68 units. The loan amount secured for this property is $22,545,000, which is a refinance loan type. The loan terms include a 24-month initial term with a six-month option to extend.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,545,000
- Loan Type: Refinance
- Loan Terms: 24 Month Initial Term With a Six Month Option to Extend
- Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
- Date of Transaction: 02/20/2026
- Market: Chicago
- Units: 68
Michael Hoffenberg and Charlie Zabriskie represent the lender in this transaction. They are associated with Trevian Capital, playing a crucial role in facilitating the financing arrangement for the multifamily asset.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,545,000.00
Monthly NOI$150,300.00
Monthly Debt Service$142,499.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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